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Mar 8, 2024 · Our key points: International trade significantly impacts global CO2 emissions. To effectively mitigate climate change, we thus need to align trade with climate and sustainability goals. To achieve greener trade practices, we need to build trust between different countries and expertise areas.
Oct 17, 2019 · The transition to a green economy, in turn, has the potential to create enhanced trade opportunities by opening new export markets for environmental goods and services, by increasing trade in products certified for sustainability and promoting certification-related services, and by greening international supply chains.
- Innovative Market Niches
- Employee Motivation
- More Engagement
- Increased Efficiency
By offering new green products or services, a business is more likely to cater to an emerging trend or niche market, which can make it more competitive. Frugalpac, a UK-based company that makes paper-based packaging for liquids that cut carbon footprints, received a £2 million investment during the pandemic – a time when most other companies were s...
Job seekers are increasingly attracted to companies that care for the environment. The employees of firms that promote sustainability are more likely to believe that their employer will care for them, and are more satisfiedwith their jobs. Such companies create a higher sense of personal and organisational purpose that makes work meaningful. A rece...
Greening initiatives signal to external stakeholders, such as investors and customers, that a business is committed to doing good. This can lead to increased investment, customers and stakeholder loyalty. This is pertinent in the aftermath of COVID-19 as there is heightened awarenessabout the need to protect the environment. For example, highly sus...
Greening processes can result in efficiency gains by reducing energy costs, allowing businesses to secure green tax credits, improving operational efficiency, and embedding circular economyprinciples internally. Such gains directly translate into commercial benefits. As many as 75% of UK businesses that invested in green technologies subsequently e...
Oct 6, 2021 · The EU is working on legislation to require companies to show that their supply chains meet certain green standards. It is also considering “digital passports” to contain information on ...
Nov 5, 2021 · If the carbon markets are to break through the known barriers, including a lack of clarity, transparency, and accountability, we need to recognize ecopreneurs who bring in new skills and perspectives as well as significant partnerships.
May 15, 2020 · Here are 10 ways that governments could ensure that trade policy is rightly an integral part of wider policy efforts to build back better through green and just economic recovery: Adopt a Green Trade for Green Recovery initiative at the G20, which puts the furthest behind first.
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Feb 9, 2023 · Government trade policy measures can promote sustainable agriculture by fostering the spread of new technologies that can raise yields, such as new types of fertilizers and climate-resistant seed varieties. Improving access to digital technologies and data can help farmers reduce waste.
